Lion Street Advisors LLC Increases Stake in CSX Co. (NASDAQ:CSX)

Lion Street Advisors LLC lifted its position in CSX Co. (NASDAQ:CSX) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,409 shares of the transportation company’s stock after acquiring an additional 1,918 shares during the quarter. Lion Street Advisors LLC’s holdings in CSX were worth $325,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC lifted its stake in shares of CSX by 0.8% during the 2nd quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company’s stock worth $1,208,000 after purchasing an additional 295 shares during the last quarter. TriaGen Wealth Management LLC raised its holdings in CSX by 2.7% in the second quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company’s stock worth $385,000 after purchasing an additional 300 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in shares of CSX by 0.3% during the first quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock valued at $3,839,000 after buying an additional 303 shares during the last quarter. Team Hewins LLC boosted its holdings in shares of CSX by 1.7% in the 1st quarter. Team Hewins LLC now owns 18,778 shares of the transportation company’s stock valued at $696,000 after buying an additional 306 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its position in shares of CSX by 4.8% in the 2nd quarter. Zions Bancorporation N.A. now owns 6,985 shares of the transportation company’s stock worth $234,000 after buying an additional 322 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

Shares of NASDAQ CSX opened at $34.96 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. The stock has a market capitalization of $68.34 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.90 and a beta of 1.19. The firm’s 50 day simple moving average is $33.93 and its 200-day simple moving average is $34.03. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. Analysts expect that CSX Co. will post 1.93 EPS for the current year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. CSX’s dividend payout ratio is presently 26.37%.

Analysts Set New Price Targets

A number of research firms recently commented on CSX. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Wednesday, August 7th. Evercore ISI raised CSX to a “strong-buy” rating in a research report on Tuesday, August 6th. Barclays reduced their target price on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 price target on shares of CSX in a report on Tuesday, August 6th. Finally, Susquehanna upped their price objective on shares of CSX from $41.00 to $42.00 and gave the company a “positive” rating in a report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CSX currently has an average rating of “Moderate Buy” and an average target price of $39.19.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.